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    488 Old Peoria Ct Bloomington, IL 61705

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    For Sale
    Contact for pricing

    77 acres near Rivian plant, suitable for industrial/residential development.

    Lot size:
    77.00 Acres

    Property Features for 488 Old Peoria Ct

    General Information

    Lot size
    77.00 Acres

    Source: Goodwin & Associates Realestate Agent Mark Goodwin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    77 Acres Near Rivian Plant

    This 77-acre parcel is located in the vicinity of the new Rivian Auto plant and features road frontage on IL Rt. 150 and Rt. 9. The land can be annexed into the City of Bloomington, where utilities are accessible. The property is approved for the construction of up to 800 residential units and presents potential for industrial development.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Clothing Store Gym & Fitness Pharmacy Skin Care Clinic Building Supply Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -89.05628
    Latitude
    40.488636

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    FAQs

    What type of property is this?
    Land - 77 acres near Rivian plant, suitable for industrial/residential development.
    Where is this land located?
    The property is located at 488 Old Peoria Ct Bloomington, IL.
    What are key features of this property?
    This property features: - 77 acres of land.; - Approved for up to 800 residential units.; - Excellent road frontage on IL Rt. 150 & Rt. 9.
    (815) 741-2226
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    488 Old Peoria Ct Bloomington, IL 61705
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    Bloomington, IL 61705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    488 Old Peoria Ct Bloomington, IL 61705
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